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Pay-to-use blockchains will never achieve mass adoption

Published 09/24/2023, 04:05 PM
Updated 09/24/2023, 05:40 PM
© Reuters.

Pay-to-use blockchains are done.

Not for us, of course — the nerdy crypto crowd. We’re perfectly happy to open wallets, engrave seed phrases on steel cards we bury in the ground, find exchanges we haven’t been blocked from yet, wrap some assets to leverage yield, and become OpSec professionals while we pray to the blockchain gods that the North Koreans aren’t online right now.

  1. They need to become free.
  2. They need to become frictionless.
  3. They need to become familiar.
Average retention curve for Android apps. Source: Andrew Chen/Quettra
Jon Rice is the founder of the Koinos Federation, an alliance of projects building on the free-to-use Koinos blockchain. He was previously editor-in-chief at Cointelegraph, Blockworks and Crypto Briefing.

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